The charity Concern has appealed to SSIA holders to consider donating some of their savings to help the world's developing countries.
Tom Arnold, Concern
Payouts from SSIA accounts will total some €14 billion in the coming months, with an average payment of €12,700 per person, Concern said.
The charity said around €2.3 billion of the total would be spent on home improvements and around €820 million on cars.
Concern said a small contribution to its SSIA appeal could make a difference in the world's poorest countries.
For example, it said €100 could provide specialised food for malnourished children and a gift of €250 could provide 600 fruit trees to re-establish an orchard destroyed in the Pakistani earthquake.
A donation of €750 could help buy furnishings for a classroom of 90 children and one teacher in Ethiopia, Concern said.
Concern's chief executive Tom Arnold said: "We understand that the Irish public has saved long and hard for their SSIAs and how they spend these well deserved savings is up to them.
"However, we would just like to make people aware of how a small proportion of these savings could go a long way towards assisting those less fortunate in some of the world's poorest countries."
"Concern's mission is to enable absolutely poor people to achieve major improvements in their lifestyles which are sustainable without ongoing support from Concern," Mr Arnold added.
Concern can reclaim tax on donations of over €250 from standard and higher tax rate payers, at no extra cost to the donor.
For example, the charity can claim an additional €63 from donations from a standard-rate taxpayer and €181 on a donation from a higher-rate taxpayer.
Concern's donation hotline is 1850 410510.